Guide on DBP Cash Loan Offer Monthly Due based on Loan Amount
DBP CASH LOAN – You can check the guide below on your monthly amortization if you will borrow P10,000.
The Development Bank of the Philippines is one of the government banks in the country just like Landbank. More popularly called DBP, it has several offers that are open for the government employees – savings accounts and loans among others.
With regards to the loans that the state-run banking institution offers, one of them is the DBP EC Credit Loan. It is also called as the Salary Loan and also called the DBP Cash Loan.
The said DBP cash loan offer is open for government employees. It is a quick cash loan offer that can be repaid through salary deductions. You can borrow from P10,000 to P1 million.
Under the DBP cash loan offer, the least that you may borrow is P10,000. The loan terms are 12, 24, 36, and 48 months. The following are the monthly amortizations based on the loan term:
How to Apply for DBP EC Credit Loan:
Step 1 – Start the loan discussion by communicating with a DBP account officer. Take the necessary steps to contact a DBP Account Officer, who will assess and evaluate your needs on behalf of DBP.
Step 2 – After you have completed your application form, make sure you included all the required documents.
Step 3 – After submitting the documents, the bank will proceed with the crucial evaluation and processing of your application. You will be notified of the approval status by DBP through both a formal letter and a phone call.
Step 4 – After your loan application got the approval of the bank, you should proceed to start the account opening process at DBP. All of your transactions will be exclusively done through your DBP account.
READ ALSO – LIST: DBP Loan Requirements for Application for Development Financing Loan
